The Usdjpy had a moderate bearish momentum yesterday bottomed at 109.63. The bias is bearish in nearest term testing 109.25/00 region. Immediate resistance is seen around 110.50. A clear break above that area could lead price to neutral zone in nearest term testing the trend line resistance and 111.00 region which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.25/00 would expose 108.00 area.
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